questionText: To ask the Chancellor of the Exchequer, whether his Department is taking steps to support oil and gas firms to use reserve-based lending to access private finance.
answerText: The Energy Profits Levy (EPL) was introduced on 26 May 2022 to respond to exceptionally high prices that meant oil and gas companies were benefiting from unexpectedly high profits. The EPL balances ensuring the oil and gas sector pays its fair share while...
heading: Oil and Natural Gas: Finance